Travel insurance is a type of coverage offered by insurance companies to protect you financially against the risks of accidents, medical emergencies, and loss of passport when you travel. Apart from these, there may be certain other benefits that can vary between insurance providers.
Not many people are aware of the importance of travel insurance. Quite often, even frequent travellers are known to head to new destinations minus any kind of coverage. This can prove to be a huge risk if things suddenly turn bad and go awry. Therefore, it makes sense to opt in for the protection that travel insurance can bring.
Now, if you are new to the concept of travel insurance, you may have certain questions in mind. In this article, we have listed out 5 of the most common questions that people generally have on travel insurance so that you may find the answers you seek.
What does a travel insurance policy generally cover?
Travel insurance generally covers you for any exigencies faced overseas. These can include personal accidents, loss of checked-in baggage, and loss of passport. If the insured person unfortunately dies while overseas, the coverage also extends to the transportation of mortal remains back to the native place.
Is dental treatment covered in travel insurance?
Yes, a good travel insurance policy should ideally cover you for any emergency dental expenses overseas. If you suddenly trip while climbing down from a bus, your fall may result in a painful injury that damages your teeth. Dental treatment costs a fortune almost anywhere in the world. In such a mishap, your travel insurance can come to the rescue by covering subsequent dental treatment expenses.
Is third-party liability covered?
Yes, your travel insurance should provide for third-party liability. Imagine a situation in which you mistakenly break a rare item made of glass while shopping. Your insurance policy will cover this kind of property damage as well as cover you against any liabilities in case a third party gets injured in this unfortunate incident.
What are the common exclusions in a travel insurance policy?
Travel insurance policies do not give coverage if you travel against your doctor’s recommendation or are involved in an accident due to the consumption of drugs or alcohol. You also cannot claim cover for incidents that occur due to war or rebellion. For a detailed list of exclusions, do speak to your insurance provider.
Can I cancel the policy if I feel that I no longer need it? Will I get a refund?
Yes, you can cancel your travel insurance if you need to. Your insurance company will pay you a refund of the premium on a pro rata basis. To avoid cancelling a policy, it is recommended that you opt in for a travel insurance provider who allows you a free-look period. If you should change your mind within this period, you can get your whole premium back provided you follows the appropriate steps as required by the insurance provider.
If you travel frequently, so make sure to secure yourself with travel insurance. The peace of mind that comes with knowing you are protected is truly priceless. Take care.